Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Rating Upgraded by StockNews.com

Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other brokerages also recently issued reports on BUD. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Argus raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Thursday, March 27th. TD Cowen reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $66.00.

Anheuser-Busch InBev SA/NV Trading Up 1.4 %

BUD stock traded up $0.86 during trading on Thursday, hitting $62.96. The company had a trading volume of 4,272,065 shares, compared to its average volume of 1,787,638. The stock has a market cap of $113.15 billion, a PE ratio of 19.43, a PEG ratio of 1.73 and a beta of 0.96. The business has a 50-day moving average of $57.02 and a 200-day moving average of $56.83. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth $27,000. R Squared Ltd bought a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $30,000. Rakuten Securities Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 2,722.7% during the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock worth $31,000 after purchasing an additional 599 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $36,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $40,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.